What Is Valueless Government Token?

The only thing that has given tokens value is fe wa means yes, but if you're good, i'd like break it down to its corps components. What what would give it value would be its ability to earn revenue through fees and then deliver that revenue to token holders without a regulatory burden. That did not really exist, right? Like the the ones that delivered fees, the fees were not sufficient to justify the valuations. And even for if they could do that, there wasa legal risk discount.